Summit Materials Raises FY23 Adjusted EBITDA From $490M-$530M To $550M-$570M
Portfolio Pulse from Benzinga Newsdesk
Summit Materials has increased its FY23 Adjusted EBITDA forecast from $490M-$530M to $550M-$570M.
August 04, 2023 | 12:23 pm
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Summit Materials has revised its FY23 Adjusted EBITDA forecast upwards, which could positively impact investor sentiment.
Summit Materials' upward revision of its FY23 Adjusted EBITDA forecast indicates a positive outlook for the company's future earnings. This could boost investor sentiment and potentially lead to an increase in the company's stock price in the short term.
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